Archive
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Article
Heckman Study: Investment in Early Childhood Education Yields Substantial Gains for the Economy
Dec 12, 2016
New research by Nobel Laureate and Institute for New Economic Thinking Advisory Board member James Heckman finds strong economic gains from birth-to-five education programs
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Article
Race and Economics: Exploring Headwinds and Resilience
Dec 8, 2016
The Institute for New Economic Thinking’s recent Detroit event on race and economics noted both the structural impediments faced by African-Americans, and the impressive gains made in some communities despite those headwinds
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Article
Capitalism in the Time of Trump?
Dec 8, 2016
As the world turns upside down, Mariana Mazzucato discusses how to shape an economy that works for everyone
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Video
Curriculum Reform is Vital if Economics is to Serve Humanity
Dec 7, 2016
Joe Earle, co-founder of The Post-Crash Economics Society, member of Rethinking Economics and co-author of the Econocracy, explains why his group is trying to democratize economics as a conversation and a policy–making process.
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Article
Older workers in Rust-Belt States have been economic losers since Reagan
Dec 6, 2016
Slight increases in national-average earnings for older workers mask long-run stagnation and decline in Michigan, Ohio, Pennsylvania and Wisconsin – states that unexpectedly voted for Donal Trump
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Article
Eurozone Crisis Was Caused More By Reckless Lending Than By Reckless Spending
Dec 5, 2016
Remedies have failed to produced growth and reduce indebtedness because they’re focused on protecting toxic behavior by banks in Europe’s core countries
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Article
Volcker: Tackle the Unfinished Business of 2008
Dec 5, 2016
The Volcker Alliance has launched a series of new papers with important proposals for reforming financial regulations to guard against future crises
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Working Paper
Working Paper SeriesThe Equal Employment Opportunity Omission
Dec 2016
On June 2, 1965, under a mandate established by Title VII of the Civil Rights Act of 1964, the U.S. Congress created the Equal Employment Opportunity Commission (EEOC) to enforce federal anti-discrimination laws related to employment. The expectation was that African Americans would be prime beneficiaries of the EEOC.
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Webinars and Events
Financial Crises
ConferenceShadow Banks, Short-term Debt, and Structural Issues
Dec 5, 2016
The Volcker Alliance and the Institute for New Economic Thinking convened a group of influential thinkers for a half-day forum to discuss regulatory and structural changes needed to ensure the stability and resilience of financial markets.
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Article
Stiglitz: Democratic Party Needs New Economic Thinking
Dec 4, 2016
Nobel laureate argues that the party’s adherence to neoliberal orthodoxy has hurt its prospects
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Working Paper
Working Paper SeriesThe Value-Extracting CEO: How Executive Stock-Based Pay Undermines Investment in Productive Capabilities
Dec 2016
The business corporation is the central economic institution in a modern economy. A company’s senior executives, with the advice and support of the board of directors, are responsible for the allocation of corporate resources to investments in productive capabilities. Senior executives also advise the board on the extent to which, given the need to invest in productive capabilities, the company can afford to make cash distributions to shareholders. Motivating corporate resource-allocation decisions are the modes of remuneration that incentivize and reward the top executives of these companies. A sound analysis of the operation and performance of a modern economy requires an understanding of not only how much these executives are paid but also the ways in which the prevailing system of executive pay influences their decisions to allocate corporate resources.
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Article
Rapid Money Supply Growth Does Not Cause Inflation
Dec 2, 2016
Neither do rapid growth in government debt, declining interest rates, or rapid increases in a central bank’s balance sheet
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Article
The Retreat from Hyper-Globalization
Dec 1, 2016
Flows of goods and services, people and capital have overwhelmed the ability of political processes to accommodate them
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Article
Will Trump Bring Neoliberalism’s Apocalypse, or Merely a New Iteration?
Nov 30, 2016
Real existing neoliberalism as a set of social facts distinct from a purist ideology has proven remarkably adaptable and politically resilient
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Article
Trump’s Win is a Warning: Europe Urgently Needs a New Deal
Nov 30, 2016
President Franklin D. Roosevelt’s policies allowed the United States to avoid the perils of right-wing populism that plunged Europe into war in the 1930s — Europe should learn from his example